PROCEDURES FOR APPROVAL FOR PROVISIONAL LISTS OF PERSONNEL OF BANKS
On September 05, 2018, the State Bank of Vietnam issues the Circular No. 22/2018/TT-NHNN on guidelines for procedures and application for approval for provisional lists of personnel of commercial banks, non-bank credit institutions and foreign banks branches (hereinafter referred to as banks).
This Circular sets up some rules for preparing and submitting applications for approval for provisional list of personnel of banks. To be specific:
- Applications must be made in Vietnamese language; translations from a foreign language into Vietnamese must be notarized or bear the translator’s signature; copies of documents of personnel must be copies from the master register or certified true copies…
- The document requesting to approve the list of its personnel must be signed by the legal representative or the authorized representative;
- The application enclosed with a list of documents shall be submitted by post or directly to the State Bank;
- Banks shall take legal responsibility for the adequacy, accuracy and truthfulness of the application.
This Circular also prescribes the State Bank’s written approval for provisional lists of personnel of credit institutions and foreign banks’ branches shall remain valid within 06 months from the date on which it is signed. After the effective period, if the election or appointment of personnel of credit institutions and foreign banks' branches fail to be completed, the State Bank's written approval will become automatically invalid.
This Circular takes effect on November 01, 2018.
